Owning is cheaper than renting in over half of US counties

With home prices rising 7 percent year-over-year, renting is often seen as a more affordable alternative to buying. But as ATTOM Data Solutions latest rental affordability report shows, that isn’t necessarily true for a good chunk of the population …

Consumer optimism about the housing market dips in Q4

Low inventory, lack of access to affordable homes, and increased buyer competition are starting to wear on homeowners and renters, making them less optimistic about the housing market, economy and their personal finances as the year comes to a close …

Fundrise wants to turn distressed homes into accessible investments

Real estate crowdfunding startup Fundrise has purchased distressed homes to flip in LA and Washington, DC, using small investments from around the country …

Median home price now $12,500 more than last year

Zillow today released its October Real Estate Market Report, which revealed the national median-priced home ($203,400) is $12,500 more valuable than it was in 2016, due to continuing inventory issues that have pushed up home values at breakneck speed.

Here’s how many Thanksgiving dinners it takes to pay rent

In an effort to encourage saving for homeowership, millennials are sometimes advised to give up certain luxuries. (All those pumpkin spice lattes add up after a while!) But would anyone be willing to give up Thanksgiving dinner …

Can you afford the American dream on your salary?

What exactly does it take to turn a renter into a buyer? Real estate professionals mull over this question often, coming up with ideas ranging from touting the personal pride of homeownership to the financial upside of building wealth and equity. Unfortunately, a willing renter isn’t the only requirement for the transition into homeownership: the American dream comes with salary requirements too. According to HSH.com, buyers offering a 10 percent down payment on a national median-priced home ($254,000) would need to make $63,941.21. The minimum salary drops to $55,390.57 for buyers putting down 20 percent …

What to expect from the 2018 housing market

National Association of Realtors (NAR) Chief Economist Lawrence Yun today announced the 2018 economic and housing forecast at the Association’s Realtors Conference and Expo in Chicago …

2018 Cali housing will be ‘a tale of two markets’

California Association of Realtors Chief Economist Leslie Appleton-Young today presented the Association’s 2018 Market Forecast, which showed signs of strong demand that will inevitably be tempered by a lack of supply and access to affordable housing …

Don’t sugar coat it: Here are the hidden costs of homeownership

A home’s affordability goes way beyond the monthly mortgage — it includes insurance, maintenance, utilities, taxes and other unforeseen to-dos along the way. So, how do these extra costs impact a buyer’s ability to actually afford the home they’ve been eyeing? According to a joint study by Zillow and Thumbtack, the average U.S. homeowner will spend $9,080 on these expenses per year, which breaks down to an extra $757 per month on top of the mortgage …

Hot damn! Detroit real estate is on fire (and it’s cheap)

Detroit suffered greatly after the recession with a population growth slump, unimpressive job growth and neighborhoods filled with abandoned or foreclosed homes. Some buyers and investors immediately saw an opportunity to take advantage of rock-bottom …